Governance, Risk & Compliance

Governance, Risk & Compliance

September 05, 2012

FFastFill Adds Connectivity to Australian Stock Exchange through Horizon Network

Latency in the derivative market can be costly if the information you request for buying and selling in a particular stock exchange is not available immediately at all times. FFastFill revealed that it will make the ASX 24, which is part of the Australian Stock Exchange’s Australian Liquidity Center (ALC), on its Horizon multi broker network. This will give the ASX opportunity to gain access to the global network of 15 datacenters FFastFill operates in Asia, Europe and the United States. It also allows the exchange 62 different venues as part of the Horizon network in the global market.

The ALC makes hosting and connectivity solutions for market firms in Australia so they can be available to the wider Australian and world financial community.

The General Manager of Trade Execution and Information Servicesfor the ASX, David Raper,said, “ASX is delighted that FFastFill has further extended its commitment to the ASX 24 market and the ALC. The ASX ALC provides the lowest latency access to our various execution venues and information services. The global connectivity provided via FFastFill Horizon, within the ALC, delivers their global customers with the added benefit of being part of the growing ALC financial community.”

The Horizon network gives every user who is part of the network the flexibility to connect to multiple receiving brokers with access to world class execution platform for bonds, equity, FX and global futures venues. The rapid deployment of the system means applications are delivered via Citrix with 24 hour support around the world. The co- location of the ASX within this network gives it a reliable service.

Furthermore, the risk management application allows brokers to manage clients in real time with tools designed to define and customize the process with the traders connected to the venues. The risk is additionally managed by limiting counter party risks by limiting or controlling access setting with different parameters such as contract and trade size. By adjusting the parameter specific to your market, you will be able to make sure no one can exceed the limitations you place on your trades.

Ian Le Noury, Director – Business Development of FFastFill said, “Adding ASX 24 to the network allows FFastFill to widen the market access to ASX 24 within Australia and across the globe. FFastFill Horizon is a highly efficient way to connect to the exchange as it does not require any infrastructure expenditure. This allows firms to quickly grow their business without the requirement for upfront costs. FFastFill are delighted to be able to partner with ASX on this initiative which we believe has significant benefits for both member and non-member participants.”

 The greatest benefit of FFastFill is it gives access to exchanges in different parts of the world that were previously out of reach. This is made available without the expense of added infrastructure, exchange gateways and exclusive memberships with up to the millisecond positions throughout the network.

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Edited by Allison Boccamazzo

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